Wishbone Gold (LON:WSBN) Trading 10.3% Higher – Here’s Why

Wishbone Gold Plc (LON:WSBN) was up 10.3% during mid-day trading on Thursday . The stock traded as high as GBX 0.20 ($0.00) and last traded at GBX 0.18 ($0.00). Approximately 67,726,523 shares were traded during mid-day trading, an increase of 585% from the average daily volume of 9,883,193 shares. The stock had previously closed at GBX 0.17 ($0.00).

Wishbone Gold Stock Up 10.3 %

The firm has a 50-day simple moving average of GBX 0.22 and a 200 day simple moving average of GBX 0.41. The company has a market capitalization of £596,486.80, a PE ratio of -67.50 and a beta of 1.30. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.94 and a quick ratio of 7.15.

Wishbone Gold Company Profile

Wishbone Gold Plc is listed in London on the LSE AIM market and the AQUIS stock exchange.

It has three major exploration properties in Australia and three minor prospects. Two of these are located in the Pilbara region of Western Australia and the third is in the Mingela-Charters Towers region in Queensland.

The company’s flagship project is Red Setter located approximately 13km south west of Newcrest’s Telfer operations.